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MTNZF - update on scheme
MTNZF shareholders were referred to the announcement released on the Stock Exchange News Service ("SENS") of the JSE Ltd. on 13 June 2025 (the "Announcement") by MTNZF.
The Announcement stated that MTNZF had provided MTN with an NVF Call Option Early Exercise Offer. The call option under the NVF Call Option Early Exercise Offer was exercised today, 23 June 2025, following the fulfilment of the NVF Acceptance Condition, which occurred on Thursday, 19 June 2025. The NVF settlement was based on a c.R6.4 billion NVF balance and the 30-day VWAP of MTN ordinary shares up to and including Friday, 20 June 2025. This resulted in 50 590 890 MTN ordinary shares being repurchased by MTN at R0.0001 per MTN ordinary share, with settlement expected to occur on Wednesday, 25 June 2025.
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